Real Estate Investing in New Deal, Texas (79350)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79350 (New Deal, TX)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 16.4% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.4% CAGR).
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in New Deal, TX (79350)?
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Market Analysis: 79350 New Deal
The 79350 ZIP in New Deal, TX is a local-operator market. Outside capital chasing a $149K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 79350 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Meanwhile, 79350 offers a low basis, the region around New Deal has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 79350 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 79350 is an operator game, not a passive one. In practical terms, entry prices of $149K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in New Deal:
Market Trends
Home Value History (with trend line)
📊 How Does 79350 Compare?
| Metric | 79350 | New Deal | Lubbock, TX | Texas |
|---|---|---|---|---|
| Home Value | $148,816 | $148,816 | N/A | $297,000 |
| 5-Year CAGR | 1.4% | 1.4% | N/A | 5.4% |
| Avg Rent | $972 | $972 | N/A | - |
| Cap Rate | 5.1% | 5.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 79350 (New Deal, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $148,816 |
| Monthly Rent | $972 |
| Price-to-Rent | 12.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.8% |
| Cap Rate | 5.1% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | +19.0% ▲ |
| 3-Year CAGR | +0.2% ▲ |
| 5-Year CAGR | +1.4% ▲ |
| 10-Year CAGR | N/A |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 79350
Population: 291
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 79350
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,467 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How expensive is real estate in New Deal, TX?
Expect median prices around $149K in New Deal, TX. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
Are there empty rentals in New Deal, TX?
Rental vacancy in New Deal, TX is elevated. Investors should budget normal turnover but not chronic empty units.
What is the tenant pool like in New Deal, TX?
Tenant quality in New Deal, TX ranks as solid. Landlords generally report predictable occupancy at market rents of $972/mo.
Is TX a landlord-friendly state?
New Deal, TX falls under TX landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What kind of market is New Deal, TX for investors?
The 3.0/5 investability rating in New Deal, TX reflects its $149K prices and $972/mo rents. Investors generally consider it a solid option within TX.
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